Be a newbie trader. I avoided losing money. how?

[PizzaBTC]

The technical aspect of cryptocurrency trading can not be ignored or underestimated,  it is good to learn how to interpret and forecast trading trend! It is a very useful skill every trader should have!

Being a bitcoin trader has risks, profits and losses have become an integral part. Except as a bitcoin investor, HODL continues as long as prices have not risen or profits have not been as large as desired, there are no losses. So to avoid losses a trader patiently looks at the bitcoin movement, wait until the price of bitcoin rises and then sells. Don't wait too long, the price will go down again.

When it comes to trading, a lot of newbie traders should know that the risk involved is very high and the more ignorant you are when it comes to trading, the more you are prone to risks and the more you are going to lose.

In that case, avoiding losses is something that has to do with you understanding that you need to learn as much as you can, as this is basically just the only way with which you can at least make something good for yourself as far as trading is concerned. The approach of people to trading is that, there is an opportunity to make money and they want to just start making huge load of it, but they are not willing to make the sacrifice to learn.

[1715571623]

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[1715571623]

1715571623

[coinfinger]

It is essential that you spend some time firstly learning more about trading cryptocurrencies, and getting good knowledge about its skills. This field isn't totally safe, and it is involving a high level of risk, especially if you can't choose the right coins, or you can't analyze the market and the charts.

Like other earning sources of world, definitely when you intend to start something new, like a new business, you must learn about it. You have to grab every single essential information regarding this thing. If you don’t make it, you could never reach the level of success. How can someone supposed to make money from thing him or her even don’t know about?

[prtty2gal2]

You can use as many tools as you want to further verify your decision if you plan to buy or sell your coin. Its like asking for a second opinion to another doctor. Using RSI and Bollinger  band is a good combination to help you decide if its still a Buy, Hold or Sell, if unsure, use Parabolic SAR as it shows if its a Buy signal of Sell signal. Just make sure you use the right time frame in your charts. Results will be different if you adjust the time frame covered.

The idea of even having a strategy and making use of indicators to at least make those strategies work out well for you when it comes to making the decision is basically just more like a guideline. The essence of trying to avoid losing money is something that cannot happen and I believe anyone who is simply trying to do that, will only end up in a position where they will end up overworking themselves and their emotions.

It is always part of the plan, buying, selling and stopping loss, which balls down to money and risk management. All you just need to do is to learn and develop a strategy that suits you while you stick to it and build on it.

[iMark]

It is essential that you spend some time firstly learning more about trading cryptocurrencies, and getting good knowledge about its skills. This field isn't totally safe, and it is involving a high level of risk, especially if you can't choose the right coins, or you can't analyze the market and the charts.

Like other earning sources of world, definitely when you intend to start something new, like a new business, you must learn about it. You have to grab every single essential information regarding this thing. If you don’t make it, you could never reach the level of success. How can someone supposed to make money from thing him or her even don’t know about?

Indeed it seems rhetorical when someone tells you to learn first before starting trading, but when you know the conditions that occur. in fact many people do trade without extensive knowledge and don't even learn at all, many traders just try heir luck, or just learn the basics only and then try it. of course the possibility of loss will be much greater.

[taliwang]

when a new trader like you wants to avoid losing the money you have then you should be able to learn how to trade that is good and right and after that you try to be able to understand how to trade well and correctly so that later you don't experience losses.

[Lighthouze]

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading  

This is awesome and it's amazing how you've known this already. It just goes to show that one is a newbie on here doesn't necessarily imply one is a newbie in other spheres. Trading skills is one that can be acquires outside the world circles as it's applicable to traditional Forex and commodities trading, and it requires being acquainted with the basics and then building on that knowledge.

[Sifon]

Avoiding losing money is not something you can control , the market determines weather you win or lose and not understanding technical or fundamental analysis.

I think you can to a large extent avoid it. Loosing money as a trader is a given, and heck, it's part of the sacrifices you have to make to learn. But the place of learning and some basic knowledge is very pivotal to avoiding losing money continuously. Knowledge will help you know when to buy and when to sell.

[arthotdog]

There is no chance that a trader cant lose money as even the expert traders sometimes fails from the subjected coin or token purchased so spare no one from that

But what i believe is even if we lose as newbie,we can make  over that losses and recover those amount,when i first enter the trading i must admit the five first tradings i made is failure,but i never stop learning until i get the rhythm and now making profit from that

[ShadowBits]

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading  

If you are a newbie then you are prone to mistakes and you will lose a lot. This would make you cry at first, but in the end when you realize all of your mistake then it would be worth it.

[Asawakobana2017]

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading  

If you are a newbie then you are prone to mistakes and you will lose a lot. This would make you cry at first, but in the end when you realize all of your mistake then it would be worth it.

Yes i agree on that as a newbie we are maybe on a learning stage and our strategy is not that good like the other that is really old and has a lot of experience on the feild. I believe that we cannot really avoid mistake as a newbie but we can decrease our loss by using a small amount of capital on the trading feild.

[akuser]

Don't be greedy in trading, take small but consistent profits better. rather than wanting big profits and being hasty in trading. Such trading will make you lose a lot of money. control your emotions.
Good luck

[Mahanton]

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading  

If you are a newbie then you are prone to mistakes and you will lose a lot. This would make you cry at first, but in the end when you realize all of your mistake then it would be worth it.

Mistakes = Experience

with these things it can really help you out to sustain on your trading career and don't believe into fairy tale like things on avoiding completely of losing money.Its always been part of trading
but with due knowledge and experience you can somehow minimize it and be profitable in the end of the day.

Checking out those are technical indicators and I would say not all TA would be precise but using these tools aren't bad at all rather than using no indicator.

[Crypto_Ed_NL]

https://t.me/crypto_ed1

Trading group, focus on teaching members and trade together.  6 experienced traders as team members.
A small guidance how to follow up our trade setups. We provide Daily charts and paid signals available  also just contact my email: CRYPTOEDNL7@GMAIL.COM
o rtake a glance at our charts on Telegram for daily updates, If want more paid signals email me!

97k+ twitter followers!

Happy trading 

[liuqi]

Don't be greedy in trading, take small but consistent profits better. rather than wanting big profits and being hasty in trading. Such trading will make you lose a lot of money. control your emotions.
Good luck

All the experts are start from newbie so trading skills are depends on our potential because some peoples are easily gain some knowledge in crypto trading. So I always recommend to take risk and few peoples are continuously panic in all the time that peoples are never achieve the profit. So everything is depends on our potential.

[khalouda]

كانت معلومات قيمة جداااااااااااااااااااااااااااااااا

[jamids]

All the experts are start from newbie so trading skills are depends on our potential because some peoples are easily gain some knowledge in crypto trading. So I always recommend to take risk and few peoples are continuously panic in all the time that peoples are never achieve the profit. So everything is depends on our potential.

Yes, all people start being a newbie and it depends on someone as to how he would develop his skills so that he can be profitable in what he is doing. There are so many resources available in the net especially nowadays that it is very to search an information about something. It would entirely depend on our effort then and how we can make use of that information that we obtain to have a winner strategy that would bring us home the bacon. OPs strategy of getting some information from tradingview is a good strategy because I, myself use it as well.

[jambul_kribo]

Don't be greedy in trading, take small but consistent profits better. rather than wanting big profits and being hasty in trading. Such trading will make you lose a lot of money. control your emotions.
Good luck

trader usually trapped in their greedy.they could not beat their own enemy.trading psychology mental take main roles in our trading result.

[BlueStackz]

for new traders so that you do not lose the money you have maybe you can do a good and correct trading method one of which you might be able to trade long term and you should not be affected by the bad news circulating because it will make you lose.

There is nothing like not losing money when it comes to trading and until you at least are able to come to terms with that aspect, that losing money is part of trading the market, you will never be a successful trader.

Why do you think it is very important to try as much as possible to have a good reward to risk ratio? That is simply because as you entering the market based on what you are seeing, you are considering the fact that you want to see more reward than risk, and this is how professional retail traders do their thing, and you do not want to be approaching the market no matter what, without implementing a stop loss.

[legendbtc]

As a Newbie, it is impossible to gain profits through trading because the system is completely different from the others. Through losing some money we will start learning the basics about how to start trading, you can ask any person who is an expert in trading will lose some money in trading.

[Kevin77]

It is essential that you spend some time firstly learning more about trading cryptocurrencies, and getting good knowledge about its skills. This field isn't totally safe, and it is involving a high level of risk, especially if you can't choose the right coins, or you can't analyze the market and the charts.

Like other earning sources of world, definitely when you intend to start something new, like a new business, you must learn about it. You have to grab every single essential information regarding this thing. If you don’t make it, you could never reach the level of success. How can someone supposed to make money from thing him or her even don’t know about?

Learning is one thing that has differentiated the successful ones from the unsuccessful ones over time. Like they always say, the only thing that differentiates a rich man from a poor man is information, and basically that is the knowledge we are talking about and you cannot have gain this knowledge without learning.

When it comes to being successful you have to make a lot of sacrifices with spending time and enough of it to know exactly what you are about to do. It is more like trying to drive a car on a freeway, and you do not have an idea how to even handle or control a steering. Crash and burn is always what comes afterwards. Apply same mindset to trading and you will realize how much you need to learn before starting at all.